Music Streaming Market To Grow at CAGR 14.6%, Market Value to Reach USD 100,734 Million By 2030

Global Music Streaming market size stood at 29,563 Million in the year 2021, is set to grow at CAGR 14.6% and market value to reach USD 100,734 million by 2030, as per market research firm Acumen Research and Consulting.

Our report description on Music Streaming Market covers market dynamics, regional overview and profile of key players. While comparing modern music consumption trends to those of just a decade ago, it's amazing to see how much technological advance has changed the digital music business. The disruptive influence of music streaming services such as Apple Music and Spotify has not only won the battle against illegal music distribution, but also has broken through all obstacles and made access to all types of music as simple as it has ever been. To differentiate themselves, several music service providers are now focused on exclusivity, like pre-releasing new music or delivering exclusive content like podcasts and concerts.

Download Free Music Streaming Market Sample report here 

https://www.acumenresearchandconsulting.com/request-sample/3040 

Dynamics of the Music Streaming market 

Music streaming has grown substantially in recent years, owing mostly to the increased usage of devices like smartphones and the popularity of streaming apps such as Spotify, Apple Music and Deezer. Furthermore, the ongoing growth in the number of internet users benefits the music streaming market to expand. Furthermore, music streaming companies offer consumers access to audio tracks, podcasts, music videos as well as live performances by artists. On the app and browser platform, music streaming includes features like tailored playlists, song suggestions, and quick access to songs. As a consequence, the present surge in audiobook and podcasting adoption has piqued consumers' interest and is likely to drive the worldwide music streaming market growth throughout the forecast period. 

Regional Music Streaming market overview 

In terms of revenue, the North American music streaming services market stands highest amongst other regions. This is due to the presence of industry leading companies located in United States. 

The Asia Pacific region, due to its vast population and growing income levels especially in countries like India and China, made up for the second highest revenue share. Europe follows closely due to the presence of many rich countries like Germany, France, UK etc. 

Key Music Streaming market players 

AppleAlphabet Inc.DeezerAmazon MusicJioSaavn (Reliance Industries Limited) SpotifySiriusXMSoundCloud

Buy Premium Music Streaming market research report here 

https://www.acumenresearchandconsulting.com/buy-now/0/3040 

Check out other related market research reports here 

Podcasting market set to grow at CAGR 31.2%, market value to reach USD 153,071 Million by 2030 

Find more such market research reports on our website or contact us directly 

Write to us at [email protected] 

Call us on +918983225533 

or +13474743864